Hedge funds slash bullish wagers on gold over Trump election win
Money managers’ bullish wagers on gold fell to the lowest in more than three months as Donald Trump’s decisive election victory reduced haven demand for the precious metal.
Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks, weekly US government data showed on Friday.
The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Donald Trump’s election victory last week.
(By Yvonne Yue Li)
More News
Greece’s Metlen sees gallium production at 50t in 2028, enough to cover EU needs
The Greek company plans to invest 300 million euros in the extraction of gallium from raw materials.
March 27, 2025 | 09:32 am
Gold Road defends rejection of $2.1B takeover bid
Gold Road remains open to discussions with Gold Fields, provided it betters the terms of the original bid.
March 27, 2025 | 08:59 am
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments